NAICS Sector 32 · IRS SOI + Census CBP 2023

Manufacturing

SBA 7(a)/504 files show 6,177 loans ($5.3B) for NAICS 32, loan-count rank #16 of 24 sectors; FY2020→FY2025 trajectory is rising.

6.4%
Avg net margin
3.3M
Workers
180
Industries
$3.9T
Annual receipts

Manufacturing spreads employment across its 3-digit industries: the largest, Chemical Manufacturing, is only 28% of level-3 headcount. No single line dominates the sector map.

NAICS 32 breadth ledger · HHI 0.194
Industry Workers Share
Chemical Manufacturing (325) 911,245 28%
Plastics and Rubber Products Manufacturing (326) 815,991 25%
Wood Product Manufacturing (321) 432,255 13%

SBA lending in NAICS 32

FY2020–FY2025 · 7(a)+504 roll-up · #16/24 sectors by loan count

Loans

6,177

Volume

$5.3B

Jobs at origination

85,151

Top lender

The Huntington National Bank

FY2020→FY2025: 901→1115 loans (rising, +214).

CBP payroll per worker: $73/yr · SOI receipts/est $46.2M.

Highest-margin industries in Manufacturing

Pre-tax net margin by sub-industry, IRS Statistics of Income 2023.

Chemical Manufacturing9.5%Paper Manufacturing6.8%Petroleum and Coal Products …5.4%Wood Product Manufacturing5.3%Printing and Related Support…4.6%

All Industries in This Sector

Industry Profit Margin
Chemical Manufacturing

NAICS 325

 9.5%
Nonmetallic Mineral Product Manufacturing

NAICS 327

 3.4%
Paper Manufacturing

NAICS 322

 6.8%
Petroleum and Coal Products Manufacturing

NAICS 324

 5.4%
Plastics and Rubber Products Manufacturing

NAICS 326

 4.0%
Printing and Related Support Activities

NAICS 323

 4.5%
Wood Product Manufacturing

NAICS 321

 5.3%

Top Profit Margins

Largest Employers

  1. #1 Chemical Manufacturing 911,245
  2. #2 Plastics and Rubber Products Manufacturing 815,991
  3. #3 Wood Product Manufacturing 432,255
  4. #4 Nonmetallic Mineral Product Manufacturing 412,320
  5. #5 Printing and Related Support Activities 386,248

Frequently Asked Questions

Who finances Manufacturing small businesses?
6,177 SBA 7(a)/504 loans totaling $5.3B (FY2020–FY2026); sector loan-count rank #16/24. FY2020→FY2025 loan counts went 901→1115 (rising). Busiest lender on record: The Huntington National Bank.
How wide is the margin gap inside NAICS 32?
IRS SOI prints a 6.4% sector average for Manufacturing, but the sub-industry spread is 6.1 pp, from Chemical Manufacturing at 9.5% down to thinner lines in the same sector.
Which sub-industries dominate Manufacturing employment?
Chemical Manufacturing leads with 911,245 workers (28% of level-3 headcount); next are Plastics and Rubber Products Manufacturing (815,991) and Wood Product Manufacturing (432,255). Top-3 share is 65%; Herfindahl 0.194 (open).
Disclaimer: PlainBizBench provides publicly available IRS and Census data for informational purposes only on NAICS 32 (Manufacturing). This is not financial, tax, or business advice. Consult a qualified accountant or financial advisor for business-specific guidance.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainBizBench

Census CBP 2023 + IRS SOI 2013 for NAICS 32 · SBA 7(a)/504 $5.3B. CSV: sector 32 rows.

Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates every industry within this sector, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.